SPDR S&P Bank ETF (NYSEARCA:KBE) Reaches New 1-Year High – Here’s What Happened

Shares of SPDR S&P Bank ETF (NYSEARCA:KBE) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $69.13 and last traded at $69.04, with a volume of 653748 shares trading hands. The stock had previously closed at $68.22.

SPDR S&P Bank ETF Stock Performance

The stock has a fifty day moving average of $64.51 and a 200 day moving average of $63.05. The company has a market capitalization of $1.62 billion, a P/E ratio of 12.60 and a beta of 0.90.

Institutional Trading of SPDR S&P Bank ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Calton & Associates Inc. lifted its position in shares of SPDR S&P Bank ETF by 2.4% during the 4th quarter. Calton & Associates Inc. now owns 10,633 shares of the exchange traded fund’s stock valued at $645,000 after buying an additional 251 shares in the last quarter. Mariner LLC increased its holdings in SPDR S&P Bank ETF by 1.9% in the 4th quarter. Mariner LLC now owns 13,441 shares of the exchange traded fund’s stock worth $817,000 after acquiring an additional 253 shares in the last quarter. Wealthfront Advisers LLC raised its stake in SPDR S&P Bank ETF by 4.4% during the 4th quarter. Wealthfront Advisers LLC now owns 6,835 shares of the exchange traded fund’s stock worth $415,000 after acquiring an additional 287 shares during the period. NBC Securities Inc. raised its stake in SPDR S&P Bank ETF by 31.8% during the 4th quarter. NBC Securities Inc. now owns 1,626 shares of the exchange traded fund’s stock worth $99,000 after acquiring an additional 392 shares during the period. Finally, Vectors Research Management LLC raised its stake in SPDR S&P Bank ETF by 3.6% during the 1st quarter. Vectors Research Management LLC now owns 11,490 shares of the exchange traded fund’s stock worth $684,000 after acquiring an additional 400 shares during the period.

About SPDR S&P Bank ETF

SPDR KBW Bank ETF, formerly The SPDR S&P Bank ETF (the Fund), seeks to closely match the returns and characteristics of the S&P Banks Select Industry Index. The S&P Banks Select Industry Index is a float adjusted modified-market, capitalization-weighted index that seeks to reflect the performance of publicly traded companies that do business as banks or thrifts. The S&P Banks Select Industry Index consists of common stocks of national money centers and regional banks or thrifts listed on the New York Stock Exchange (NYSE) or another United States national securities exchange, (NASDAQ)/National Market System (NMS).